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$Tesla (TSLA.US)$ Musk's swelling inventories of unsold Tesl...
Musk's swelling inventories of unsold Tesla cars have Wall Street worried.
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bullrider_21
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TeslaSmurf : They are in transit to the destination markets. It will take some weeks to get them paid.
Louis Jia Heng : Why Wall Street need worry? They are not investors, they are trouble makers instead
TeslaSmurf Louis Jia Heng : It is what it is: as they see an opportunity shorters do their job, and the good ones (very few) make a lot of money.
bullrider_21 OP TeslaSmurf : Tesla has repeatedly claimed the gap is due to an increase in cars "in transit" as Tesla transitions away from prioritizing cars slated for export early in the quarter before focusing on domestic demand.
Tesla blamed Q1's weak Model S and X volumes on this very issue, but the assurances fell on skeptical ears.
"Delivery numbers for X/S are a bit troubling," wrote Ross Gerber, longtime Tesla bull and CEO of fund manager Gerber Kawasaki. "Even with price cuts they seem to have lost the high-end customers this quarter."
TeslaSmurf bullrider_21 OP : I’m building the idea that Gerber is all nice face and blue eyes, but nothing more: he bought millions of Polestar PSNY well over 5$… being his client’s money…